What If The United States Suffers Another Great Depression?

  Рет қаралды 41,148

Geography By Geoff

Geography By Geoff

Күн бұрын

Пікірлер: 250
@brucewilson1958
@brucewilson1958 2 жыл бұрын
At the beginning of WW2 92% of Americans live on rural, self-sufficient farms. They built their own structures, often with materials on the land. They raised livestock, butchered them, and ate them. Chickens for eggs and meat. They had huge gardens and canned and froze. They had fruit trees. If a depression happens get out of the cities.
@janetmartin9372
@janetmartin9372 2 жыл бұрын
And make friends with an old person. So many do not know how to grow and preserve food.
@billmoretz8718
@billmoretz8718 2 жыл бұрын
@@janetmartin9372 trouble is much of the farmland in growing states have been developed for urban sprawl. Only in less populated states will one find suitable land. But there is not enough for everyone in the cities. And I think the 90% is a bit high. More like 25% lived on farms. Many had a few acres and raised vegetables and other items. Another depression will be extremely difficult because the government owes way too much.
@jenniferwyoming8067
@jenniferwyoming8067 2 жыл бұрын
Already did!
@Lana-ro6cb
@Lana-ro6cb 2 жыл бұрын
You mean WHITE AMERICAN?!?!
@brucewilson1958
@brucewilson1958 2 жыл бұрын
@@Lana-ro6cb Hi. Blacks brought many skills from Africa such as hunting, gathering, growing food, fishing, and more. In the Westward Expansion 1 out 3 Cowdoys were Black. I live Iowa. In SE Iowa there was a tent city mining coal, half Irish and half Black. It existed almost a Century. No race conflict at all. They intermarried. There are Black Ranchers and Cowboys today.
@nathanseper8738
@nathanseper8738 2 жыл бұрын
I think this next depression could trigger a lot of civil unrest. A lot of people are already on the brink, and a recession would be like dropping a match into a tub of gasoline. Thank you for this wonderful video.
@calebtaursus74
@calebtaursus74 2 жыл бұрын
That is why many people have been storing up a certain product that will ensure their survival.
@nathanseper8738
@nathanseper8738 2 жыл бұрын
@@calebtaursus74 Good for them!
@sootuckchoong7077
@sootuckchoong7077 2 жыл бұрын
People have to do home cooking more to save as much as possible.... until they know the economy is recovering. I've been home cooking since the beginning of covid19!
@kingdomreturn304
@kingdomreturn304 2 жыл бұрын
@@sootuckchoong7077 Same dude Im gonna learn to cook once I get the new cooker in, so I can start cooking restaraunt style food. Or I buy from a proper food outlet that doesn't cost too much, supermarket food is trash too.
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
Will trigger #civilwar 2:0 and #collapse
@enticingmay435
@enticingmay435 2 жыл бұрын
The social/humanitarian cost would be a lot worst for sure. There are a lot more people (both in numbers and percentage wise) who rely directly on the government nowadays whether that be through the military, social security, Medicare or food stamps. Even during these normal or even “thriving” economic times, there are still so many people on the streets, so many people who are food insecure, so many people who are one miss bill payment away from being in the streets. It’s scary to think about that.
@USA-GreedyMenOfNoIntegrity
@USA-GreedyMenOfNoIntegrity 2 жыл бұрын
You realize the rich get about 10 times the government handouts that the poor in the USA get. Go do your homework. The rich boys won’t be able to fly around in their bizjet, spend months at their three vacation homes on the beach and pull out $75K monthly in stock dividends.
@1Skeptik1
@1Skeptik1 2 жыл бұрын
En - We are a nation of financial idiots with most Americans trying to live beyond their means. I see these people every day. (I own a few modest rental houses) My tenants drive newer cars than I do, they carry the latest high-dollar I-thingy in their pockets, and most live hand to mouth. Their problems have a way of becoming my problems, I hear all the stories. Yes, government spending has its place but it should be limited to national security (military). Note: Our public schools are a disgrace!
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
Will be #apocalypse #catastrophe and a #horror story to unfold,#GreatDepression 2:0 coming in 2023 ...
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
Will cause internal revolution,turmoil and uprising across usa and all global nations.
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
People will fight the government,and the government to be focused on internal problems ....
@topofthegreen
@topofthegreen 2 жыл бұрын
We are headed there, and there is no stopping it.
@othmarbrunner9639
@othmarbrunner9639 2 жыл бұрын
It would trigger a worldwide depression like we have never seen before
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
So true,spot on,hell on earth to be unleashed globally with #GreatDepression 2:0
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
Will be mother of all #totalsystemcollapse
@iishirkerii9540
@iishirkerii9540 Жыл бұрын
A recession is when your neighbor loses his house. A depression is when you lose your house
@Matt_Castle
@Matt_Castle 5 ай бұрын
And suicide is when you can't get a house.
@itsnick37
@itsnick37 Жыл бұрын
I really disagree with the idea of people moving to coastal areas or big cities in the possible upcoming depression… especially with work from home opportunities people are going to FLOCK to cheaper cost of living areas or I should say wherever housing is average or cheaper then national average… I personally would not want to be in any city during a depression for safety reasons.
@lenadams2306
@lenadams2306 2 жыл бұрын
1st great depression by design. 2nd as well by design...
@cameronf3343
@cameronf3343 2 жыл бұрын
A second depression would probably kill off about 1/3 of the US. People only survived the Great Depression through gardening, hunting, and other forms of resourcefulness such as hand-building structures. These are things many people, myself included, simply do not know how to do.
@itsnick37
@itsnick37 Жыл бұрын
100 million people?? I mean I think it would be bad but that’s really lot of people …
@VelvetWxtch
@VelvetWxtch Жыл бұрын
@@itsnick37 well around 50 million died in WW2 that’s considered a tragedy
@cameronf3343
@cameronf3343 Жыл бұрын
@@itsnick37 I never got a notification for your response - it’s estimated only 1/5 of the US (or about 60m) is rural. About 3/5 is suburban and the remaining fifth is urban in downtown proximities like apts and condos. Only a handful of suburban people hunt, and it’s reasonable to think that virtually no urban people hunt. Not all rural people hunt, either, they just have the highest likelihood to do so. My family’s rural and I’ve never gone on a hunt - I’ve fished since I was 6, but I’ve never once in my life aimed a weapon at another animal. I don’t know where the heart is in a deer or a badger or anything else to make for a swift death. So that’s a negative for me as well as majority of people. Gardening, most also never do once in their life. I personally enjoy it but I’m still rather novice and don’t yet know a lot & have much learning left to do. It’s something that’s thankfully on the rise but an apartment dweller can’t survive on the growth in a furnished 600sqft space with windows facing North and economic induced rolling blackouts. Root cellars. Most people don’t even know what that means and I only learned 6 years ago. No idea how to build one, how to maintain one away from mold, how to thoroughly insulate one - and something that can only exist rurally. Me saying 1/3 would likely die is me presuming the 2/3 would succeed in figuring it out as they go. Reality is there are no survival skills anymore. And I’m not going to call that a good or a bad thing, I mean the whole point of societies and civilization since it’s inception in Mesopotamia have been to make for more comfortable lives - but reality is, many would die and 1/3 might be lowballing it too.
@giomediaworks
@giomediaworks Жыл бұрын
You can learn to farm
@LucasFernandez-fk8se
@LucasFernandez-fk8se Жыл бұрын
@@VelvetWxtch50 million EUROPEANS genius. Only 400k Americans died in ww2
@benjamincolon5486
@benjamincolon5486 Жыл бұрын
The West Coast doesn't even have enough housing for that because of nimbism and zoning and high rents. So yeah most of those people who go there might end up on the streets because they can't afford an apartment
@readalittle764
@readalittle764 2 жыл бұрын
Stagflation = a combination of it all, depending on the sector: inflation, deflation/recession, depression The Central Banking System always ends in a very bad way because it allows a few to manipulate the many
@Species-lj8wh
@Species-lj8wh 2 жыл бұрын
You forget that back in the 1920's Survival was an actual threat, not a reality TV show. People in today's cities are (mostly) fat and weak. The supply lines feeding those cities are Constant. It would only take 7 days before most food supplies were gone. Not to mention that 63% of Americans live paycheck to paycheck. Most people now days don't support one another. They riot over trivial perceived wrongs. What will happen when they don't have there double skinny mocha latte? Then days later and there is no actual food.
@Labyrinth6000
@Labyrinth6000 Жыл бұрын
They’d basically go on a raid on the countryside. Hope farmers can stand up against hordes of angry city people.
@mightywind7595
@mightywind7595 6 ай бұрын
Yeah, look what they did when they thought they wouldn’t have toilet paper!!
@andre-le-bone-aparte
@andre-le-bone-aparte Жыл бұрын
@06:51 - People did the opposite during 2020 - They left the California and New York for smaller States.
@JBGAMBIT
@JBGAMBIT 2 жыл бұрын
How about a “What if” video about what if The Corporation that is the “United States” abolished the unconstitutional Banking cartel, and coined it’s own money?
@peterlamin8363
@peterlamin8363 2 жыл бұрын
The banking cartel will never allow it period.Too big to fail will never happen.The deep state has enslaved the population.Elections is meaningless as both parties have a morphed into war uniparty that served wall street not the main Street.
@JBGAMBIT
@JBGAMBIT 2 жыл бұрын
@@peterlamin8363 Indeed! I was being a bit sarcastic and facetious. It would take the People to get rid of the cartel and I just don’t see that happening. It would be nice if the OP made such a vid, then People could see the possibilities that people are trading for ongoing enslavement.
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
We do coin our own money
@JBGAMBIT
@JBGAMBIT Жыл бұрын
@@grimaffiliations3671 The US Corporation outsourced that job when the Federal Reserve Act was signed.. which is unconstitutional. You’d think all those Right Wing politicians and Pundits would be stark-raving mad, screaming this fact to the public as often as they could?? Guess the money comes first lol. Someone has to buy those T-Bills before the Treasury prints this fake money out of thin air… or type in some 1’s and 0’s. It’s the Fed who controls Interest rates… which in a debt based system, the interest has to be created out of thin air as well, causing a perpetual debt spiral which leads to a dollar that is continuously decreasing in value. Remember when a gallon of milk was just a dollar, a quarter.. a nickel.. Currency is Fiat currency Money is Gold or silver
@stevehartman1730
@stevehartman1730 10 ай бұрын
Im worried if we'd have a 2nd Great Depression⁰ what would happen to my Social security n SSI n Food stamps. I'm 70 and phys disabled my back is broke n congestive heart.etc.
@jefe2098
@jefe2098 2 жыл бұрын
Problem is people didn't have what we gave back then they knew how to live on nothing most people don't now
@allchatgaming7107
@allchatgaming7107 Жыл бұрын
People live on phones. All they would do is change what their watching lol.
@Saxxin1
@Saxxin1 2 жыл бұрын
People are so weak and helpless millions will die from sheer ignorance.
@GeosRealityReport
@GeosRealityReport 2 жыл бұрын
Its going to be insane
@aaronlaluzerne392
@aaronlaluzerne392 7 ай бұрын
Yeah, America has been going through its second great depression since 2008. Hopefully, it will end by the 2030's, and America's economy will improve by a lot once it reaches that point.
@chetpomeroy1399
@chetpomeroy1399 6 ай бұрын
The reason why we had the Great Depression was due to the gross incompetence of the Federal Reserve. The Federal Reserve single-handedly turned a normal business-cycle downturn into something catastrophic by *throttling* the money supply at the worst possible time. Had the Fed properly addressed the downturn by *increasing* the money supply, there would have not been all of those banks going under because of those massive bank runs. Businesses would have still been employing people, and there would have been a mild recession in 1931-32, resembling a post-World War II recession.
@cockatooinsunglasses7492
@cockatooinsunglasses7492 15 күн бұрын
Interesting. Are there any books you recommend on this subject?
@karlastein3186
@karlastein3186 2 жыл бұрын
I’m glad that I filed Bankruptcy in 2019. I left a lot of debt behind,and learned how to budget and manage my money, how to save and how to learn the difference between my wants and my needs.
@martinholden5570
@martinholden5570 2 жыл бұрын
One thing that you left out of this video is that in 1929 the USA was not already in many, many Trillions of $ in debt and they could borrow money to pay for the measures that they did back then, the question is, would they be able to borrow huge amounts of money again now???????
@jeffreymarshall4572
@jeffreymarshall4572 Жыл бұрын
Not likely. As the primary driver fit the next depression is too much default and some sort of default.
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
Yes, they can easily borrow what they need, since they borrow from themselves
@garysteeley1932
@garysteeley1932 11 ай бұрын
@@grimaffiliations3671 you have to have someone buy your bonds good luck with that if you default.
@grimaffiliations3671
@grimaffiliations3671 11 ай бұрын
@@garysteeley1932 Bond sales don't finance spending, bond buyers get the money to buy bonds from the government. Also, bond sales are optional
@chetpomeroy1399
@chetpomeroy1399 6 ай бұрын
The U.S. government goes into debt in the same way other Western governments go into debt, by selling and issuing *debt instruments* (T-bills, Treasury Bonds), with specified redemption dates often decades into the future.
@brownalec602
@brownalec602 Жыл бұрын
Recession equivalent to epidemic where Depression equivalent to pandemic
@Seanny
@Seanny 2 жыл бұрын
Another great video!
@rayberger2694
@rayberger2694 Жыл бұрын
You and I must come from two different planets, Moving into a major city during a great depression would be my last choice.
@VendieSolde
@VendieSolde 5 ай бұрын
Many boys and men hitchhiked on trains to larger cities looking for jobs during the depression...read a history book
@therevyfilms246
@therevyfilms246 2 жыл бұрын
Maybe you can make a video about what if Tecumseh and his greatest British ally Brock survived, than managed too create a native nation?
@Marylandbrony
@Marylandbrony 2 жыл бұрын
Young people would call it "The big sad" for one.
@tamekkaknuth9612
@tamekkaknuth9612 2 жыл бұрын
Or hungover shirt
@jamesalias595
@jamesalias595 2 жыл бұрын
The Covid-19 pandemic saw people fleeing the cities for the perceived safety of the countryside. This would also happen in a depression as people would flee from crime ridden big cities and away from high rents to places they could afford. Since monetary assistance will flow into bank accounts and debit cards, there isn't a need to stand in a bread line in a city anymore. The homeless camps in big cities is not due to economics as there are more economic opportunities outside of the urban core areas, it has to do with drugs, mental illness, and lifestyle choices. Rationally someone would move from a high expense area to a cheaper area if it makes economic sense. The great migration during the depression was due to landless people (sharecroppers, farms taken back by the bank, and failed crops) that migrated to the cities for jobs. However, there has been an even larger migration for decades from the countryside to the city, there are no more people to flow from the countryside into the cities, so you would see a reverse flow.
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
Homelessness is more about our lack of housing in the cities
@jamesalec1321
@jamesalec1321 2 жыл бұрын
Good info. I was waiting for you to put on the spidey mask.
@TheFamilyFirst08
@TheFamilyFirst08 2 жыл бұрын
Knowing that we Are in a recession and have been, ( 2 consecutive quarters of negative gdp). the currency printing along with bailouts of banking institutions(creating more debt), mortgage rate increases across the U.S., inflation due to FED Stupidity, new taxes (sidehustles), and increasing joblessness, this next collapse of the Everything Bubble will be a surprise to most and a death blow. Those that have been planning and preparing for this time for any length of time will fare much better, location depending. Those whose assetts are outside of the Matrix will trive and gain much wealth during this planned reset.
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
Recession calls flopped
@benjamincolon5486
@benjamincolon5486 Жыл бұрын
What if the second great depression was severe to a point that Even the tech industry was greatly effected
@AllergicToFantasy
@AllergicToFantasy 8 ай бұрын
It will start there.
@nickbeef4824
@nickbeef4824 Жыл бұрын
You can blame both sides of the isle for this.
@youroldtoys1257
@youroldtoys1257 2 жыл бұрын
Great video
@stischer47
@stischer47 Жыл бұрын
Unfortunately, people talk about the Depression starting in 1929 but all through the 1920s, the farming sector of the US was in depression almost the entire decade. In 1929 the rest of the country caught up (or down) to the farms.
@rebeccahale4673
@rebeccahale4673 2 жыл бұрын
Hard to see where all the workers would come from for another WPA.
@mightywind7595
@mightywind7595 6 ай бұрын
2024 illegal immigrant’s flooding America maybe?
@rebeccahale4673
@rebeccahale4673 6 ай бұрын
@@mightywind7595 Hope not. Yikes
@zeke5491
@zeke5491 2 жыл бұрын
This corrupt government is going to guarantee a depression
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
So true,Great Depression 2:0 coming 2023
@simonpetrikov3992
@simonpetrikov3992 2 жыл бұрын
I honestly hope that if it’s inevitable that economically illiterate people don’t start voting for the government to start nationalizing industries like the Financial, Energy, Food, fossil fuels and mining
@TheDragonRelic
@TheDragonRelic Жыл бұрын
We should nationalize our industries tho lol
@simonpetrikov3992
@simonpetrikov3992 Жыл бұрын
@@TheDragonRelic that is a very terrible idea
@TheDragonRelic
@TheDragonRelic Жыл бұрын
@@simonpetrikov3992 it’ll bring jobs back 😩 and those jobs can then be unionized 😩 and through unions we will have more democracy 😩
@simonpetrikov3992
@simonpetrikov3992 Жыл бұрын
@@TheDragonRelic it’s a terrible idea to nationalize industries because command economies are terrible in general Note: I hope you know that in that scenario the only union you will be in would be ran by the local bureaucrats from a politburo
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
I think the oil should be nationalized. Its our natural resource, why should far cat shareholders get all of the profit and screw us at the pump? We should do what Alaska did with their oil, or what Norway does
@suesmothers4225
@suesmothers4225 2 жыл бұрын
We never over comes it fully since
@Steve.191
@Steve.191 Жыл бұрын
You forgot to mention the inevitability of WW3.
@lowtiertactical7701
@lowtiertactical7701 2 жыл бұрын
Yes the greatest generation. Used to live in huts with dirt floors. Then after the war it was track homes and good jobs. I knew a lot of them. I’d listen to their stories. But I don’t think they had EBT back then.
@lowtiertactical7701
@lowtiertactical7701 2 жыл бұрын
I remember once a friend and I were discussing how if the treaty of Versailles had never been pushed. We may have never had a Hitler.
@lowtiertactical7701
@lowtiertactical7701 2 жыл бұрын
@Derrick Bridges just letting you know. No way I read all that.
@WhiteFang111
@WhiteFang111 Жыл бұрын
​​@@lowtiertactical7701 well same will happen to russia after putin is gone for ukraine war. Putin is kaiser Wilhelm the second he is not hitler.
@Juhrmee
@Juhrmee Жыл бұрын
People are acting like a depression is gonna wipe out half the us. That's absurd If we hit a recession, buy McDonald's stock. Anyone can afford a mcdouble. A depression will just widen their customer base.
@bitcoinzoomer9994
@bitcoinzoomer9994 Жыл бұрын
Can you afford a McDouble when food quadruples in price and the dollar becomes one onehundredth of what it used to be overnight?
@Juhrmee
@Juhrmee Жыл бұрын
@Bitcoin Zoomer that's a pretty bold position buddy. If times are tough for you, hit me up. I'll buy you a mcdouble
@bitcoinzoomer9994
@bitcoinzoomer9994 Жыл бұрын
@Jerm If we hit a recession, supply will collapse and demand will skyrocket. We won't starve, but other luxuries will become very rare
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
@@bitcoinzoomer9994 the government will always be in a position to add liquidity into the system to support aggregate demand. As we saw in 2020 with the covid recession
@kizarumelon2477
@kizarumelon2477 2 жыл бұрын
Great vid
@jovanweismiller7114
@jovanweismiller7114 Жыл бұрын
You do realise that the stock market did not regain the point at which it stood in 1929 before the Crash until 1955? The War helped, but it was not the cure that it's often touted to have been.
@bitcoinzoomer9994
@bitcoinzoomer9994 Жыл бұрын
Leftists love pretending government policy is what fixed the depression
@1Skeptik1
@1Skeptik1 2 жыл бұрын
My socialist friend chooses to NOT mention the result of the government spending money it does not have devalues the dollar resulting in inflation. Real inflation is well above 10% and that punishes everyone with a savings account or trying to survive on a fixed income (millions of pensions) and also those attempting to save for a house down payment. If unrestrained government spending created great prosperity the Average American would be living far better today than they did decades ago and they ARE NOT! People are working longer and harder for less! The retirement age was pushed up, pensions are disappearing and are underfunded, citizens are losing purchasing power and the stage is set for some very hard times. Look around you can you find anything in your house or office made in America? There are no free rides kids! If you believe the government can spend unlimited counterfeited currency you are misinformed. We are a nation in decline! As for social security, the program is poorly managed (robbed) and underfunded. Our present dismal economic circumstance is the direct result of several rounds of QE and stimulus payments. Hello? But what do I know? A cup of coffee at Waffle House is currently $2.75 add tax and tip $3.40. Chuckle. Good luck with that kids. The proverbial chickens are coming home to roost. I stopped by Hardees last week for a Sausage Breakfast Combo - over $8.00. Bottom line? I am "retired" and I won't be going out for breakfast as often and I have far more resources than the average citizen. Cheers!
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
Who died and made you the arbiter of real inflation?
@tytemind7850
@tytemind7850 2 жыл бұрын
There is no “what if”
@benjiebarker
@benjiebarker 5 ай бұрын
the government response to the grear depression of 1929 was only $3 billion...the government response to COVID of 2019 was $2.2 trillion or the equivalent of $114 billion. do you think government today maybe is more prepared to prevent the lack luster response of government back in 1929?
@jeffreymarshall4572
@jeffreymarshall4572 Жыл бұрын
The US is currently at the “dependence” stage of the cycle…soon to collapse and revert back into bondage and dictatorship. “Democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.” Alexander Fraser Tytler, 1787
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
You can't collapse due to loose fiscal policy when you are monetarily soverign like the US
@WoJackHorseman
@WoJackHorseman 2 жыл бұрын
The US running out of money is like a carpenter running out of inches
@CP1900PC
@CP1900PC 2 жыл бұрын
At least, this time, the us won’t be suffering alone.
@bubbaandrayearl1678
@bubbaandrayearl1678 2 жыл бұрын
Ok let's do this. 1. The depression didn't magically end with WW II. As with anything it spreads slowly. Yes, in industrial areas, sure. Not so much 'down on the farm ' as it were. Most folks in rural areas didn't exit the grips of the depression until the mid to late 1950's. My parents grew up during the depression. It scared them. Oh, Social Security? You know SS was a joke right? Right? Retirement at 65! Yaaa! Um, nope. Average life expectancy back then was less than 65 years. Most people would never draw Social Security. Those that did wouldn't draw it very long. It was intended as just another tax. Pro tip for Social Security. What you draw is figured on the last ten years of work. Oh, there's a cap. A max you can draw. The rest of your money goes to support a bum. As far as the southern migration. That actually started with the great flood of 1927. I won't bother you with the history of that here. You can look it up. Being old I lived thru things and was taught about events and history by my older family members. Sadly we don't do that much today. Good job by the way. Keep it up.
@thomast3570
@thomast3570 2 жыл бұрын
The life expectancy for workers was a little past 65, and people who live up to that age had many years ahead of them.
@jeffreymarshall4572
@jeffreymarshall4572 Жыл бұрын
You make some good points but are incorrect about social security calculations.
@AllergicToFantasy
@AllergicToFantasy 8 ай бұрын
Born in 1962. Retired CPA. Well I do not in any way endorse the social security administration or the forced retirement program, I am very familiar with this and I can explain it to you, because you're dead wrong on calculations. SSA uses a three-step process to calculate a benefit amount. First, they adjust the earnings for historical changes in U.S. wages, take the 35 best-paid years of the workers entire career, and produce what is called an "average indexed monthly earnings" (AIME). Only income up to the maximum taxable earnings is counted. (In '24, that’s work income up to $168,600.) Second, they apply a formula to that monthly average to determine the primary insurance amount (PIA) which is the monthly benefit the person is entitled to receive if they claim it at your full retirement age. The formula breaks down the average monthly wage into three parts. Currently, it is: 90% of the first $1,174 of the AIME; plus 32 percent of any amount over $1,174 up to $7,078; plus 15 percent of any amount over $7,078. The sum of those three figures is the PIA, also known as the "full" retirement benefit. (The sliding scale is designed to weight the benefit to help low-wage earners, who need retirement money the most.) Finally, SSA plugs in the age at which the person can claim benefits. A retiree can lose more than a quarter of their benefits by starting Social Security at 62, the earliest possible age. Now you know.
@vannpatrickjr1353
@vannpatrickjr1353 Жыл бұрын
Under Biden we are heading that way
@SP-yo5ri
@SP-yo5ri 2 жыл бұрын
People get what they voted for in this day n age. It started this time with people not wanting America being self sufficient. That's my opinion.
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
Trump incentivuzed outsourcing
@TheJcrist
@TheJcrist 2 жыл бұрын
It is not "what if". The only question is " when".
@GeosRealityReport
@GeosRealityReport 2 жыл бұрын
2023
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
@@GeosRealityReport wrong
@GeosRealityReport
@GeosRealityReport Жыл бұрын
@@grimaffiliations3671 oh yeah? How’s your grocery bill lookin?
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
@@GeosRealityReport not bad at all actually. None if the food items in my local store have gone up for like 6 months
@Labyrinth6000
@Labyrinth6000 Жыл бұрын
We all know for certain auto, gas, even the current freight train companies will make sure the US will never get high speed rail
@ivandinsmore6217
@ivandinsmore6217 2 жыл бұрын
Your chennel is one of the best in Youtoob.
@ericburgos
@ericburgos Жыл бұрын
Nashville footage at 6:08 :D
@benjiebarker
@benjiebarker 5 ай бұрын
if the politicians during the great depression of 1929 acted with the support that the government of 2019 made for the banks and other essential sectors with bailouts, do you think the great depression could have been prevented?
@QuintonjChambers
@QuintonjChambers 9 ай бұрын
This vid sparked an interesting thought experiment on the geographic and economic effects if the US capital were moved to the somewhere central in the US. That could be a huge infrastructure project that the goverment could do if there were a depression or under some vague security concern and there would be short term spending but also long term benefit as I imagine such a capital project would force us to build out our rail to and from the various parts of the US to that central location.That'd only work if planners were smart enough to build such a city as non car-centric since it would be choked immediately by cars
@Lana-ro6cb
@Lana-ro6cb 2 жыл бұрын
We are already in one! The quality of food, water, house construction, materials and goods even the health is and are all bad compared to years ago. And no the progress of technology does not mean we aren't in one. Technology is separate from economy as technology will always progress regardless of the state of economy because technology comes from ideas not of this physical world which is where money and material goods come about.
@robertb6768
@robertb6768 Жыл бұрын
Wow, this video makes me feel embarrassed for you. 1) The assumption that people would move to cities looking for work is basically just copy-pasting what happened in the 1930’s with no actual analysis or intelligence applied. The motivators that existed then do not exist now. The high cost of living in large modern urban centers combined with the post-COVID wage leveling enabled by remote work (which has impacted even non-remote jobs) will push people away from areas with high cost of living. A ruralization is far more likely than an urban migration. 2) Your knowledge of the Great Depression seems to have been obtained from a low-quality highschool history teacher. WWII did not end the Great Depression, it prolonged it. The nature of the war created a vacuum of information regarding market wages and employment, which is used by warmongers to support a war-good narrative. In reality it was the end of WWII, at which point the industry of almost the entire world had been destroyed, that rescued the United States economy. It’s hard to fail when you control 51% of global production capacity and everyone is paying you to rebuild their flattened nations. It was not the creation of massive war debt, forced-labor production lines, wage controls or food rationing that ended the Great Depression, it was the actual physical destruction of civilization across the rest of the planet. 3) Social Security is one of the most detrimental instruments to the financial wellbeing of every American. Every penny sucked into that program and spit out to retirees at zero gain is a net economic loss. Only someone economically illiterate would think Social Security is in any way better than a retirement investment account, even a forced one. You would probably think Payday Loans were a good thing if they had United States Government printed on them.
@christiandekker219
@christiandekker219 2 жыл бұрын
WE HAVE BEEN GETTING ALONG FOR THE PAST CENTURY WITH ONLY SOME PENNIES, NICKELS, DIMES, HALF DOLLAR COINS AND DOLLAR COINS. OUR FIAT NO VALUE FEDERAL RESERVE NOTES FOR THE PAST CENTURY ARE NOT MONEY JUST WORTHLESS PAPER WITH NO SILVER OR GOLD VALUE BACKING.SO, WHAT ELSE IS NEW??
@leeloo7259
@leeloo7259 2 жыл бұрын
They will survive it. They are strong beyond what they themselves believe. They will unite in what is right so long as they don't give up on their inner light.
@stevehartman1730
@stevehartman1730 Жыл бұрын
Well u r gona have to learn sink or swim. We r a spoiled country
@craignelson2041
@craignelson2041 Жыл бұрын
Extremes and instability will lead us into a depression. COVID was just the start.
@shotgunwillieUS
@shotgunwillieUS 2 жыл бұрын
No social security. Oh no.
@jefe2098
@jefe2098 2 жыл бұрын
I survived without a cell phone when I was younger
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
People get right with God as we head into 2023,only God to save,protect,preserve and take care of His children He God knows by name Amen ..
@jeremybw2180
@jeremybw2180 2 жыл бұрын
It will especially with states like NY, CA, OR, and WA.
@powelllucas4724
@powelllucas4724 2 жыл бұрын
I trust North America will, with great suffering and anguish, struggle through as it did before.
@wondererasl
@wondererasl 2 жыл бұрын
This time is not a recession.
@kempaswe4022
@kempaswe4022 2 жыл бұрын
We can only hope that it will happend in usa and that it will take many many years for them to come back. The only thing usa government wants to spend endless money on is military. It would be a great country if they took home every soldier to american land and cut down the budget drastic
@GeosRealityReport
@GeosRealityReport 2 жыл бұрын
Agreed
@dunmate27
@dunmate27 2 жыл бұрын
What if money became completely useless.
@GeosRealityReport
@GeosRealityReport 2 жыл бұрын
👀
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
It won't,
@stevehartman1730
@stevehartman1730 9 ай бұрын
We have safety ners now but too many have takenen advantage n bankrupted the system.
@danielgriffin8132
@danielgriffin8132 2 жыл бұрын
We are going to have a construction boom in 2023 .and a boom in farming. Oil ,electric cars, we are going to be just fine .we need more electric bicycles manufactured in the USA And more manufacturers of everything including machinery for manufacturing. We did it before and we can do it again. Crypto currency well not so much.
@bitcoinzoomer9994
@bitcoinzoomer9994 Жыл бұрын
copium
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
@@bitcoinzoomer9994 he was actually right lol there has been a boom in manufacturing investment
@pamlalol
@pamlalol Жыл бұрын
im the 1,000th like. tysm for making this video. my great grandma survived the Great Depression. she lived a long life but was effected by it.
@exjock4foodie
@exjock4foodie 2 жыл бұрын
Just Print Money
@Nogame7_Cards
@Nogame7_Cards Жыл бұрын
Where would the government get the money for these projects this time? Thats the issue. They are BROKE! This collapse is coming from the careless spending and overprinting of money. And socialized healthcare is a dream just like communism. I did enjoy seeing that Al Borland had a son though.
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
It would get the money the only way it is able to get money, through creating it out of thin air
@israelelohim4469
@israelelohim4469 2 жыл бұрын
What will happen ? Those of agape love and spirit will be provided for and in perfect peace. Agape love to you all. 🙃🦁
@anyway_anyway
@anyway_anyway 2 жыл бұрын
it will just send more money over seas...
@GeosRealityReport
@GeosRealityReport 2 жыл бұрын
This is about to end horrible. It feels like it’s being done purpose
@kharimarquette
@kharimarquette 2 жыл бұрын
This country will go *POOF* overnight.
@DavidOfosuAppiah
@DavidOfosuAppiah 2 жыл бұрын
Spot on usa,uk,europe,world to #blow #blow #poof overnight with #GreatDepression 2:0
@brianhurd9779
@brianhurd9779 Жыл бұрын
It would make money worth something again teach people the value of life
@kylemonkiewicz2803
@kylemonkiewicz2803 Жыл бұрын
Are economic collapse is inevitable
@jeffreymarshall4572
@jeffreymarshall4572 Жыл бұрын
Oregon has a bill that gives food stamps to illegals.
@shagy9560
@shagy9560 Жыл бұрын
Let's go Brandon
@stevehartman1730
@stevehartman1730 10 ай бұрын
I think Biden and Hairass shoul announce they dont intend to run and Hairass wants to return to civilian life and open the convention to nomination n thhe Dems would have a better chance.
@AnthonyGarlic-tr9br
@AnthonyGarlic-tr9br 4 ай бұрын
People find live in 🌎🌍 work today 😲.
@tanujSE
@tanujSE 2 жыл бұрын
I don't know if great depression is nearby but recession in private property with class relation might remain unheard before it comes or capitalism might go away from differently due to being catastrophic with nature
@GilliganMGCrebs
@GilliganMGCrebs Жыл бұрын
the amount of copium is off the charts in this video.
@usaintltrade
@usaintltrade Жыл бұрын
IF THE SOLDIER 🪖🇺🇸 FAILS IT'S THE GENERAL'S FAULT?🤔
@yvesjean-baptiste5288
@yvesjean-baptiste5288 Жыл бұрын
Yeneteeeee!!!
@Lacronh
@Lacronh Жыл бұрын
This video was good up to the point where you began to speculate on how a Great Depression would be positive for America. The country today is not what it was in the 1930's. By the way, our country is actually in the early stages of the Mother of All Recessions, which will be more like a Depression,. Simultaneously there are food shortages due to various factors including fertilizer shortages and weather events that have adversely affected crops, not to mention the government giving farmers incentives to destroy crops, rather than bring them to market. Then there is the unimaginable national debt of $31.6 trillion and rising every day through out of control spending. Not to mention that inflation is out of control, and so is government corruption. Added to that is the dollar about to collapse. Then we have the fact that the US Treasurer reported in May that unless Congress passed legislation to raise the debt ceiling, the Treasury would run out of cash by June and not be able to pay it's bills (such as Social Security checks, Medicare, etc). Therefore, the economic crisis combined with all the other factors (and more) make this upcoming storm one of humongous proportions. These are signs of the times. Get ready people, Jesus is coming back very soon. Repent for the Kingdom of God is near, and give you r life to the Lord Jesus Christ, who is our only hope.
@grimaffiliations3671
@grimaffiliations3671 Жыл бұрын
That was mostly nonsense
@eternal_ruler74
@eternal_ruler74 Жыл бұрын
Larger cities are dangerous cities
@peterlim3189
@peterlim3189 2 жыл бұрын
Don't worry, there won't be another one, cause it won't survive this one!!! He he he!
@joshhippoopoo3475
@joshhippoopoo3475 Жыл бұрын
Sounds like Socialism at its finest
@AnthonyGarlic-tr9br
@AnthonyGarlic-tr9br 4 ай бұрын
Good's are still coming over from the east ➡️⬅️🍭🍬🍭🍭🍬🍭🍭.
@llano19fly
@llano19fly 2 жыл бұрын
Did you just wake up? The depression of 2019 started when Trump listened to his Dr. Fauci & his own family!
@alexmattie5437
@alexmattie5437 2 жыл бұрын
It would be awesome CUASE I will take advantage of this situation... Women would hang out with you for a hot dog...
@markfornefeld299
@markfornefeld299 Жыл бұрын
I welcome the next great depression
@mbathroom1
@mbathroom1 2 жыл бұрын
first!
@SgtPepprz
@SgtPepprz Жыл бұрын
Are you a Communist?
@Dash121
@Dash121 Жыл бұрын
Let's Go Brandon FJB
The Dust Bowl: Darkness in the Great Depression
19:22
Geographics
Рет қаралды 599 М.
What If California Runs Out Of Water Entirely? The Megadrought
11:09
Geography By Geoff
Рет қаралды 16 М.
JISOO - ‘꽃(FLOWER)’ M/V
3:05
BLACKPINK
Рет қаралды 137 МЛН
진짜✅ 아님 가짜❌???
0:21
승비니 Seungbini
Рет қаралды 10 МЛН
요즘유행 찍는법
0:34
오마이비키 OMV
Рет қаралды 12 МЛН
#behindthescenes @CrissaJackson
0:11
Happy Kelli
Рет қаралды 27 МЛН
Why Almost Anyone Can Move To Svalbard
13:28
Geography By Geoff
Рет қаралды 136 М.
What If The United States Built A Transcontinental High Speed Rail Line?
11:42
What Really Caused the Great Depression?
16:06
Mr. Beat
Рет қаралды 178 М.
Why So Many Americans Moved To California And Not The Other Western States
10:15
This Chart Predicts Every Recession (it’s happening again)
13:50
Hamish Hodder
Рет қаралды 640 М.
Stories from the Great Depression
27:47
US National Archives
Рет қаралды 3,4 МЛН
The Great Depression. A story that will surprise you
2:46:26
GEO
Рет қаралды 2,1 МЛН
JISOO - ‘꽃(FLOWER)’ M/V
3:05
BLACKPINK
Рет қаралды 137 МЛН